Bursa Alert
Global Market
NewsSBC 2Q profit up 31% on lower depreciation, amortisation
Page 1 of 1
SBC 2Q profit up 31% on lower depreciation, amortisation
by Cals Tue 26 Nov 2013, 16:30
| SBC 2Q profit up 31% on lower depreciation, amortisation |
| Business & Markets 2013 |
| Written by Zatil Husna of theedgemalaysia.com |
| Tuesday, 26 November 2013 14:13 |
In a statement to Bursa Malaysia today, SBC, a construction and property development firm, said it recorded a net profit of RM8.63 million compared to RM6.61 million. Revenue climbed to RM35.11 million from RM32.24 million
The firm registered depreciation and amortisation of RM354,000, significantly lower than RM4.39 million a year earlier.
For the first-half period, net profit rose to RM14.97 million from RM12.60 million a year ago. Revenue increased to RM61.19 million from RM60.92 million.
SBC expects its future performance to remain positive as its projects such as the Dex Suites@Kiara Eas in Kuala Lumpur have commenced.
“The Cantonment Exchange@Jalan Ipoh has commenced site works. Furthermore, the Peak Soho@Kota Kinabalu is targeted to be completed in this financial year,” it said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Astro 1Q profit falls 6.7% on 'higher depreciation'
» Highlight Genting 2Q net profit dips 13% on higher depreciation...
» CIMB downgrades Gas Malaysia after higher depreciation, taxes lowers profit
» Melati Ehsan 3QFY15 net profit plunges 87.6% on lower operating profit
» PetGas' 4Q profit falls 27.4% on lower JV profit, higher costs
» Highlight Genting 2Q net profit dips 13% on higher depreciation...
» CIMB downgrades Gas Malaysia after higher depreciation, taxes lowers profit
» Melati Ehsan 3QFY15 net profit plunges 87.6% on lower operating profit
» PetGas' 4Q profit falls 27.4% on lower JV profit, higher costs
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|